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OPEC Scaling Back Production Cut to 5.7M Barrels in January

JAKARTA (TheInsiderStories) - The Organization of the Petroleum Exporting Countries and its allies (OPEC+), plans to scaling back their production cuts in January 2021, from...

Morning Briefing: Various Things To Know on Tuesday

JAKARTA (TheInsiderStories) - Good Morning! President Joko Widodo and Prime Minister of Japan Yoshihide Suga meet today at the Bogor Palace to discuss various issues,...

Indonesian CPO Exports Fell 14.3% Amid the Lower Demands

JAKARTA (TheInsiderStories) - The Indonesian Palm Oil Association (GAPKI), reported Indonesian palm oil products and derivatives in August fell by 14.3 percent to 2.68 million tons...

Morning Briefing: Various Things to Know on Tuesday

JAKARTA (TheInsiderStories) - Good Morning! Governors of Bank Indonesia will make a decision on the seven days repo rate today. Most economists rated the central bank...

Indonesian Crude Price Drops to US$37.43 a Barrel in September

JAKARTA (TheInsiderStories) - The increase in the COVID-19 case globally had an impact on the Indonesian Crude Price (ICP) in September, said the energy and mineral...

Morning Briefing: Indonesia Doesn’t Want to be Trapped in the US-China...

JAKARTA (TheInsiderStories) - Good Morning! Foreign minister, Retno Marsudi, warned the United States (US) and China not to involve Indonesia in their battle in South China...

Laura, Marco Storms Affects Indonesian Crude Price in August

JAKARTA (TheInsiderStories) - Concerns on the Marco and Laura' tropical storms passing through the heart of the oil industry in the United States (US) also affected...

Indonesia’s CPO, Mining Prices Mounts in August

JAKARTA (TheInsiderStories) - Indonesia set the reference prices for crude palm oil (CPO) products for the period September 2020 at US$738.07 a metric ton (MT) of...

OPEC Sees World Oil Demand Will Fall Even More in 2020

JAKARTA (TheInsiderStories) - Organization Petroleum Exporter Countries (OPEC) trimmed oil-demand growth by 100,000 barrels per day in monthly report released on August 13. It said,...

Morning Briefing: Awaiting BI Monetary Decision

JAKARTA (TheInsiderStories) - Good Morning! After two-days meeting, today Bank Indonesia will announces the latest monetary policy. Last month, the central bank decided cut...

Indonesia’s CPO and Mining Benchmark Prices Rises in July

JAKARTA (TheInsiderStories) - Indonesian government elevated benchmark price for several types of crude palm oil and mining products, said the government official today. The trade ministry...

OPEC: Market Rebalancing, Full Commitment to Conformity Remains the Focus

JAKARTA (TheInsiderStories) - Joint Ministerial Monitoring Committee (JMMC) of oil producers and its allies (OPEC+) reported 87 percent of their productions have been cut during May....

Morning Briefing: Waiting for World Bank’s Global Economy Update

JAKARTA (TheInsiderStories) - Good Morning! World Bank' chief economist Gita Gopinath will hold a presser on the latest world economic outlook for this year. Earlier,...

OPEC+ Agrees to Extend the Production Cut Until July

JAKARTA (TheInsiderStories) - Organization of the Petroleum Exporting Countries and its allies (OPEC+) agreed to extend the cut in crude oil output until the end...

Thohir’s Energy Firm to Releases Global Bond US$350M

JAKARTA (TheInsiderStories) - Unit of Indonesian energy producer, PT Surya Esa Perkasa Tbk (IDX: ESSA) considered to releases global bonds up to US$350 million,...

Indonesia Set Zero Export Duty for CPO During June 2020

JAKARTA (TheInsiderStories) - Indonesia set the reference price of crude palm oil (CPO) for export duty at US$568.94 per metric ton (MT) of CPO...

Morning Briefing: The Fed is Estimating Holds Interest Rate

JAKARTA (TheInsiderStories) - Good Morning! United States (US) Federal Reserve is widely expected to lift the Fed Fund Rate (FFR) target in the range zero...

Oil Prices Hit the Bottom Level Since 1999 on the Low...

JAKARTA (TheInsiderStories) - Oil prices hit the bottom level for the first time in 1999, as the COVID-19 hits the demand, the market data showed....

Morning Briefing: BI Talks with US’s Fed on the Currency Swap

JAKARTA (TheInsiderStories) - Good Morning! Indonesia' central bank (BI) in talks with the United States (US) Federal Reserve on the potential currency swaps. Currently, the Bank has a...

Indonesia Delays the Submission of Coal Producer Work Plan in 2020

JAKARTA (TheInsiderStories) - Indonesia delays the submission of Work Plan and Budget for coal producers to be submitted after the first quarter of this year. This...

Morning Briefing: BI Intervenes Market, COVID-19 Widespread

JAKARTA (TheInsiderStories) - Good Morning! Bank Indonesia intervened the spot foreign exchange market, domestic NDF and bond markets to stem outflows related to fears of the...

Morning Briefing: President Widodo Visits Natuna Island

JAKARTA (TheInsiderStories) - President of Indonesia Joko Widodo has scheduled to visit Natuna Island today. As known, the country has dispute with China on the...

Commodity Prices, Access to Capital and Regulation are Top Risks in...

JAKARTA (TheInsiderStories) - Low and volatile commodity prices have hampered free cash flow generation and delayed debt paydown, and tightening companies’ access to the capital markets,...

Morning Briefing: Indonesia Sees the Economy Grow 5.6 – 6.2%

JAKARTA (TheInsiderStories) - Good Morning! President Joko Widodo will sign National Medium-term Development Plan of Indonesia decree on Jan. 20. During 2020 - 2024, the government...

Morning Briefing: Trilateral Cooperation Vision Announces

JAKARTA (TheInsiderStories) - Good Morning! China, Japan and South Korea released the Trilateral Cooperation Vision for the Next Decade and the Trilateral + X Cooperation Early...

Indonesia’s Merdeka Copper Upsizes Gold Production to 200,000 Oz

JAKARTA (TheInsiderStories) - Indonesian gold miner, PT Merdeka Copper Gold Tbk (IDX: MDKA) upsize the production target from 180,000 ounces (oz) to 200,000 ounces...

Morning Briefing: Forex Reserves Data Out Today, Johnson Calls Widodo

JAKARTA (TheInsiderStories) - Indonesian central bank will announce the foreign exchange (forex) reserves data today. Last month, the forex reserves recorded worth of US$123.8 billion,...

Indonesia’s Biofuel Benchmark Prices Lowered in August

JAKARTA (TheInsiderStories) - Indonesian government lowered the benchmark price ofr biodiesel to Rp6,795 (US$0.48) from Rp6,977 in a previous month. Likewise, bio-ethanol price decreased...

Weekly Briefing: Trade Issues, Monetary Polices, BI’s Data will Influence the...

JAKARTA (TheInsiderStories) – Good Morning! The focus of the week will be the continued on the assessment of trade developments following the G20 summit and...

Indonesia Palm Oil Output to Reach 43MT in 2019-20

JAKARTA (TheInsiderStories) - United States Department of Agriculture (USDA) forecasting Indonesia’ 2019-2020 palm oil output at 43.0 million tons (MT), up 1.5 MT or 4...